Frequently Asked Questions
What is the Care Plan™ ?
The Care Plan™ is a comprehensive document provided by Mission Bell Fiduciary at the outset of our engagement. It is designed to assess the client’s current financial and health situation and create a detailed plan for their future care and financial management.
Who is involved in creating the Care Plan?
Our multidisciplinary team, comprising an attorney, CPA, financial advisor, and the client’s medical professional, collaborates to thoroughly assess the client’s situation and develop the proprietary Care Plan™. This comprehensive plan is meticulously prepared based on the data and information provided to us. The Care Plan™ will be made available to interested parties pursuant to the client’s request, ensuring that all aspects of the client’s financial and health needs are meticulously addressed.
What does the Care Plan include?
The Care Plan™ encompasses:
- A thorough assessment of the client’s current financial and health condition.
- A comprehensive budget meticulously tailored to the client’s needs.
- Recommendations for the least restrictive living environment suitable for the client both now and in the future.
- Identification of factors that might necessitate relocating the client to a more manageable living environment.
- A schedule for regular fiduciary reviews of the client’s finances.
What is the Continuing Care Plan?
Should we take on the role, we will provide a Continuing Care Plan™ on a monthly basis or intermittently as needed. This document serves as a mini care plan or updates to the original Care Plan™, reflecting any changes in the client’s circumstances. The Continuing Care Plan™ is meticulously prepared based on the data and information provided to us and will be made available to interested parties pursuant to the client’s request.
How does the Care Plan benefit the client and their family?
The Care Plan™ provides peace of mind by ensuring that all aspects of the client’s care and financial management are thoroughly planned and monitored. This comprehensive document creates a clear roadmap for the future, helping to manage expectations and prepare for potential changes in the client’s needs. By meticulously addressing every detail, the Care Plan™ ensures that clients can confidently navigate their financial and health-related matters.
How often is the Care Plan reviewed?
The Care Plan™ includes a schedule for regular fiduciary reviews of the client’s finances to ensure that the plan remains up-to-date and responsive to any changes in the client’s situation.
Why should I choose Mission Bell Fiduciary for the Care Plan?
The Care Plan™ is a proprietary document developed by Mission Bell Fiduciary at the outset of our engagement. This comprehensive plan is meticulously designed to assess the client’s current financial and health situation and create a detailed strategy for their future care and financial management. Our unique approach ensures that each client’s needs are addressed to the utmost, setting us apart from other professional fiduciaries.
What are your Fees?
Our fees are generally based on our base rate as detailed in our Fee Schedule. However, in certain situations, such as Probate Estate Administration, statutory fees may apply. These statutory fees are determined by law and are designed to ensure fairness and transparency in the administration process.
Video – estate